Citco reviews

3.4

59% would recommend to a friend

(3,580 total reviews)

Christopher Smeets

66% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,580 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Citco employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
1.0
Sep 23, 2014
Recommend
CEO approval
Business Outlook

Pros

free drinks and beers. But recently the quantity of beers is reduced as well. Simple work and pretty much repetitive so good for fresh graduates without experience. Strategic location and easy to get by subway. There are some good people here.

Cons

BELOW AVERAGE SALARY. Depending on which group you're in, it can be difficult to work with the supervisors or managers..either mean or unprofessional. Some never learn the meaning of "respect". They blame on your work if there are errors while neglecting they have some lousy part in doing the reviews. Almost impossible to move to other departments or groups. There is no work life balance. They expect you to over time. If you dont, it will reflect negative in your performance review that you dont make effort. It was a gruesome long hours and adding the last incident where they wiped the whole department and dumped the jobs to all senior/fund accountants. Workload kept increasing and they demanded you to take more responsibilities (force you to sign secondment) but nothing reflected on your compensation. Work hard for the company and received only 1000 bonus by end of the year despite all the long hours spent and received praised emails from internal and external clients. Manager tampered with your performance review to make sure you didnt get a good raise despite all the proven emails AGAIN from internal and external clients praising your excellent job! Manager only gave "good" performance (rating 3). Rating 1-5 with 1 is poor 5 is excellent. When question why the answer was like that he said he never gave more than 3. Politics here is pretty thick not very obvious unless you have been a while with the company. If you close to certain top people you can get promoted so it's not really based on your performance. Here maybe the reason for poor spv/mgr. Recent trend: BEWARE Citco is CUTTING cost everywhere. They wiped 2 departments and you can see here and there lacking. They get rid of long time employees and replace them with newer cheaper less knowledgeable employees. While I understand the strategy, it's really DIRTY how they do this. They basically questioning those employees about their work and told them they have performance issues. Yeah right after 5-7 years of work. Force them to silently quit with lots of unnecessary pressures. If you persevere and finally fired, they force you to sign a letter that basically you cant sue them. Why dont they just give a compensation package if they want them to leave rather than unpleasant doings. Disgusting!

1.0
Jun 16, 2014
Recommend
CEO approval
Business Outlook

Pros

Free beer past 5pm and free beverages but who cares? Nice staffroom... I'm struggling to find pros.

Cons

Terrible management. People are promoted to Senior/Supervisor/Mmgt with 0 people skills. Being yelled at throughout the day..talked down to..not respected. There's a reason why everyone hates it here and why the turnover is so high. Keep your head down and mouth shut sort of 'culture'.. It's a joke here and the staff all know it. I took the time to come here and write a review.. I checked the reviews before I accepted the offer, and I should have listened and stayed away. PS - I have 4 years experience and I get paid a good chunk less than a few new grads. Nice.

1.0
Nov 28, 2021

Affecting my health

Recommend
CEO approval
Business Outlook

Pros

Salary at the time of Joining A few seniors are gem here Promotion happened three months early this year

Cons

After few months you won't care about your salary because you will be depressed, sleep deprived and always in constant worry. 1) To start with not enough training given to understand the process 2) Biasness in work allocation. For some people it is a breeze working here 3) Some seniors will stab you at every time they can find the opportunity. Wont cover for you 4) For every leave there will be a discussion and you have to fight 5) Streching almost everyday and working on some weekends without pay and CONSENT 6) 70 - 90 % of employees have to look for a new job in a year or so because can't take the pressure 7) Some people have to work on their leaves and when they are sick too because they are forced

Viewing 364 - 366 of 3,580 Reviews

Glassdoor has 3,715 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.